Author: The Freedom Watch Staff

This author has written 11091 articles

Paul Craig Roberts: The Special Interests Won Again

"Washington is controlled by powerful interest groups, not by elections. What the two parties fight over is not alternative political visions and different legislative agendas, but which party gets to be the whore for Wall Street, the military-security complex, Israel Lobby, agribusiness, and energy, mining, and timber interests. Being the whore is important, because whores are rewarded for the services that they render. To win the White House or a presidential appointment is a career-making event as it makes a person sought after by rich and powerful interest groups. What is curious is that voters don’t understand how politics really works." Continue reading →

Continue ReadingPaul Craig Roberts: The Special Interests Won Again

Jim Rogers: Get Ready for Cheap Money ‘Run Amok’

"'If Obama wins, it’s going to be more inflation, more money printing, more debt, more spending.' Rogers told CNBC, saying he expected to sell U.S. government debt and buy precious metals, such as gold. 'It’s not going to be good for you me or anybody else. It looks to me like the money printing is going to run amok now, and spending is going to run amok now,' Rogers stated. 'I have to invest based on what’s happening and not what I would like.' Rogers said that he didn’t vote for either Romney or Obama, saying that 'they’re both evil as far as I’m concerned.'" Continue reading →

Continue ReadingJim Rogers: Get Ready for Cheap Money ‘Run Amok’

Treasury Quietly Warns: ‘Expect Debt Limit to Be Reached Near End of 2012′

"The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year--which means before the new Congress is seated--and that "extraordinary measures" will be needed before then to keep the government fully funded into the early part of 2013. On Aug. 2, 2011, President Obama signed a deal he had negotiated with congressional leaders to increase the debt limit of the federal government by $2.4 trillion. But, now, after only 15 months, almost all of that additional borrowing authority has been exhausted." Continue reading →

Continue ReadingTreasury Quietly Warns: ‘Expect Debt Limit to Be Reached Near End of 2012′

Banking with a human face: ‘Bank on Dave’ for people in UK

"Banking malpractice, excessive risk taking and bonuses paid for out of taxpayer bailouts. It's little wonder that people's patience with their banks has run out. But if not the global financial giants, where you entrust your hard-earned cash? RT's Laura Smith meets one British man, who thinks, he's got the answer." Continue reading →

Continue ReadingBanking with a human face: ‘Bank on Dave’ for people in UK

Creativity vs. The State

"The free market has found a way around the government-created gas shortages and tortuous lines in NY. Sellers of gasoline have emerged on Craigslist, charging up to $30/gallon. The State is furious! How dare people make voluntary transactions with other individuals! Get back in line! 'We will do everything we can to stop unscrupulous businesses or individuals from taking advantage of New Yorkers trying to rebuild their lives,' New York Attorney General Eric Schneiderman said Monday. 'There are always people who show up when there's a crisis to take advantage of victims of a disaster.'" Continue reading →

Continue ReadingCreativity vs. The State

Amazon launches online wine store

"Amazon said the online shop would be 'a marketplace offering customers more than a thousand wines crafted by wineries around the country.' The online retail giant also provides international wines through external websites. Customers can ship up to six bottles of wine for $9.99. Wine sales are allowed only in states which allow it. That includes California, Connecticut, Florida, Idaho, Illinois, Iowa, Nebraska, Nevada, North Carolina, Oregon, Washington, Wyoming and the District of Columbia." Continue reading →

Continue ReadingAmazon launches online wine store

Marijuana Prohibition Going Up in Smoke? High Hopes for a Drug War Peace Dividend

"As I have written before, drug prohibition is (literally) 'a textbook example of a policy with negative unintended consequences' most visible in the extensive criminal underground and widespread violence associated with prohibition. What can we expect from legalization, and what could we expect from further liberalization of drug laws? 1. Less Crime. 2. Lower Demand for Hard Drugs Like Crack and Crystal Meth. 3. A 'Peace Dividend' From Scaling Back the Drug War. Yesterday’s results are historic because the results in Colorado and Washington show that ending prohibition can win at the ballot box." Continue reading →

Continue ReadingMarijuana Prohibition Going Up in Smoke? High Hopes for a Drug War Peace Dividend

Cannabis legalisation in Washington and Colorado: A game changer

"The new Colorado and Washington legislation puts the states in clear breach of the general obligation of the 1961 UN drug convention requiring the criminalisation of non-medical supply and use. The US has historically been the biggest cheerleader for such prohibitions on the global stage. It will be interesting to see whether they tone down their 'tough on drugs' rhetoric now that they themselves are the first to do the previously unthinkable. The hypocrisy of the US demanding that other nations carry on enforcing prohibition while they themselves are retreating from it, could be enough to encourage a range of countries to start agitating for reform." Continue reading →

Continue ReadingCannabis legalisation in Washington and Colorado: A game changer

Former Washington, Colorado cops explain: What’s really going to change now that marijuana is legal?

"Following wins for marijuana legalization in Washington and Colorado on Tuesday night, a former Seattle police chief and a former Denver police officer sat down with Raw Story to discuss what the laws will actually do and how they think things will change. The possibility remains that the Obama administration may file suit against Colorado and Washington to prevent them from implementing regulatory schemes or granting permits for retail sales. Meanwhile, the Obama administration’s U.S. Attorneys have been adamant about busting hundreds of medical marijuana outlets." Continue reading →

Continue ReadingFormer Washington, Colorado cops explain: What’s really going to change now that marijuana is legal?